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Maple Tree Villa

Maple Tree Villa

906 3rd Ave NEĀ  /

Property Details

Price: $ 2,850,000
Property Type Multifamily
Total Lot Size: 2.3 Acres
Year Built: 1983
Number of Units: 36
Garages: 62
County: Wright

Description

Maple Tree Villa Apartments consists of 36 spacious apartments, with 28 two-bedroom units and 8 one-bedroom units. There are 12 garage stalls with ample off-street parking. Conveniently located close to shopping, dining, and recreation, this property enjoys historically high occupancy.

Location

Buffalo, MN is a community of approximately 16,000 people and serves as the county seat for Wright County. It is located approximately 40 miles northwest of Minneapolis, MN. Situated on 3 picturesque lakes, Buffalo is a mix of small town community charm with access to suburban services and amenities. Recreational opportunities abound in Buffalo. There are nearly 30 parks, and miles of walking and biking trails. With numerous beautiful lakes in the area, there are endless opportunities for fishing, water skiing and swimming . Buffalo is part of the Buffalo-Hanover-Montrose School District 877. BHM serves approximately 5700 students. Annually, students score significantly higher than the state averages in reading and math scores. In addition to the public school system, there is one private K-8 school, St. Francis Xavier Catholic School. With small community charm, highly regarded schools, endless recreational opportunities and a beautiful setting, it is clear there is much to love about Buffalo!

Highlights

  • Bedroom community
  • Historically high occupancy (currently 100%)
  • Management company reports multiple calls per day from prospective tenants
  • Very quiet neighborhood – Property is on dead end street with no public traffic
  • Secure buildings with key card entry system
  • Roofs on all buildings replaced 10 years ago
  • Windows replaced in last 5 years on 50% of property
  • Interior painted in last 3 years
  • Tenants pay their own electricity and heat
  • All parking next to buildings assigned
  • Electric on posts at parking spaces assigned to unit electric meters
  • Water softeners owned
  • All units equipped for washer and dryer in units (currently 7 units have their own machines and charged an assessment)
  • 4 laundry rooms (2 in each building with a total of 8 washers and 8 dryers)
  • Storage space on 2nd floor of each building as well as under stairways (2 in each building)
  • 20 unit building is fully sprinkled with alarm system
  • Fence around apartment buildings and garage is owned by property

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